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29 October, 03:20

What three factors determine the demand for a product?

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  1. 29 October, 03:37
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    Desire, Ability, and Willingness.

    Desire - do people want to buy the product?

    Ability - are they able to buy it? (do they have enough money, etc)

    Willingness - are people willing to buy this product instead of something else?
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